ZHIDA TECH (02650.HK), a Chinese electric vehicle (EV) charging pile developer, announced the start of its IPO, which will last from today (September 30) to next Monday (October 6).

The company proposes to offer 5.9789 million H-shares globally, with about 10% offered publicly in Hong Kong and the rest internationally. The offer price ranges from HKD66.92 to HKD83.63 per share, aiming to raise over HKD500 million at maximum. The entry fee for a board lot of 50 shares will be HKD4,223.68.

The listing of shares is expected for October 10, with Shenwan Hongyuan as the sole sponsor.

Before the completion of the global offering, ZHIDA TECH's shareholding structure includes founder and chairman Huang Zhiming and his wife Liu Jing as controlling shareholders, indirectly holding 47.70%. Other investors include Shanghai China Power Investment and BYD, which hold 7.75% and 3.52%, respectively.
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